5 Things to Know About Congress’ Latest Budget-Busting Deal
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Congressional leaders on Wednesday announced their latest budget-busting deal.
The plan would provide a much-needed boost to defense spending, but fails in almost all other areas. Over the next two years, it would raise the Budget Control Act caps by $296 billion with only a third of that being paid for.
This agreement would raise spending by $153 billion more than the previous two budget deals combined. It would guarantee that about a trillion dollars is added to the debt this year and is an affront to any remaining hope of fiscal responsibility.
Americans deserve better than another bad budget deal. Congress and the president should reject this plan and go back to the drawing board.
Here are five key things to know about the deal:
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